St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-11
THE CHICAGO MARKET.
Yesterdays Ups and Downs OF
the Board of Trade.


the Board of Trade.
Special to the Globe.
CHICAGO, Sept. 10.-A single white
headed disk of frost glistened grimly on
the blackboard of the weather recorder
this morning. The spot selected for the
advent of the haranger of winter was
Moorhead, MINI. Three or four hun
dred men glanced at the map, muttered
frost" and went away, feeling that
sharp cold weather, more or less, made
little difference at this stage of the
game. Many who had read kilograms in
amOrning paper thought that corn would
manifest some added strength at the
opening, but it did nothing of the kind
The October option sold for 4219c and
fell to 42c before 10 o'clock. May corn
opened at 4515@452Sc. October wheat
opened at 701c, and fell down to even
zoe before trading was twenty minutes
old. October ribs opened at $3.50,
dropped to 1915. and then rallied. Octo-
Der lard brought $685., and January
lard S6.G719. May oats sold at 3015c.
The two factions conducted pretty
bitter duel with facts, figures and com
parsons of the first hour. The bulls
dwelt on the twenty cars of spring wheat
inspected I'M against Lightweight
cars inspected on the corresponding
day last year. They called attention to
the fact that, while Chicago received
but 37.S1S bushels of wheat to-day, the
els. A year ago Chicago shipped but
$500 bushels of wheat; to-day the ship
mentS were 1902 bushels. But, while
the bulls were arguing, the bears did
the hitting. Over on the open board
''old Hutch" was selling wheat as if he
owned the country's entire product. On
the regular board there was dispute
over the government report. Some
claimed that corn would receive a big
black eye, while others were GER
tain that those who had antici-
pated the figures OF the report
had been led astray. A majority, how
ever, inclined to the dark side of the
picture, and October corn was soon
sympathy, fell to 1890. 1t held at the
latter figure for only two minutes, the
rush of buyers strengthening the price.
Fifteen minutes later October wheat
again dropped fraction below roe, but
the rally this time was not so spirited,
and the crowd felt that the official fig
ureS were needed to furnish Sounder
basis for immediate trading. For these
they must wait. Finally, when the long
looked TOT hgureS came, they produced
scarcely ripple. The chief surprise
was over the fact that the reports which
obtained currency yesterday regarding
the nature of the expected exhibit by
the government were correct; in other
words, the report had been ''given
away' by some one in the employ of the
government. This being the case, and
the effect having been discounted. moth
ing remained but to begin skirmishing
for other facts, figures and influences
which might be utilized pro Or con in
the never-ending crusade. The bears
had played their cards yesterday and
obtained temporary vantage There
were no other trumps. and the only
movement possible was in the direction
of a rally. October corn went UP to
1890 again, and other wheat sold freely
at rose. The closing prices were:
October wheat, roc; October corn,
1890; October oats, 2515c; October lard,
S5.G2119; October ribs, $500.